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Side-by-side financial comparison of Academy Sports & Outdoors, Inc. (ASO) and COMERICA INC (CMA). Click either name above to swap in a different company.

Academy Sports & Outdoors, Inc. is the larger business by last-quarter revenue ($1.4B vs $838.0M, roughly 1.7× COMERICA INC). COMERICA INC runs the higher net margin — 21.0% vs 5.2%, a 15.8% gap on every dollar of revenue. On growth, COMERICA INC posted the faster year-over-year revenue change (3.3% vs 3.0%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs -12.2%).

Academy Sports + Outdoors is an American sporting-goods store chain with corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years, it was a privately held company owned by the Gochman family, until its May 2011 acquisition by Kohlberg Kravis Roberts. In October 2020, it was listed on NASDAQ.

Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.

ASO vs CMA — Head-to-Head

Bigger by revenue
ASO
ASO
1.7× larger
ASO
$1.4B
$838.0M
CMA
Growing faster (revenue YoY)
CMA
CMA
+0.3% gap
CMA
3.3%
3.0%
ASO
Higher net margin
CMA
CMA
15.8% more per $
CMA
21.0%
5.2%
ASO
Faster 2-yr revenue CAGR
CMA
CMA
Annualised
CMA
108.9%
-12.2%
ASO

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
ASO
ASO
CMA
CMA
Revenue
$1.4B
$838.0M
Net Profit
$71.6M
$176.0M
Gross Margin
35.7%
Operating Margin
7.3%
Net Margin
5.2%
21.0%
Revenue YoY
3.0%
3.3%
Net Profit YoY
8.8%
-4.3%
EPS (diluted)
$1.05
$1.35

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASO
ASO
CMA
CMA
Q4 25
$1.4B
Q3 25
$1.6B
$838.0M
Q2 25
$1.4B
$849.0M
Q1 25
$1.7B
$829.0M
Q4 24
$1.3B
$825.0M
Q3 24
$1.5B
$811.0M
Q2 24
$1.4B
$824.0M
Q1 24
$1.8B
$784.0M
Net Profit
ASO
ASO
CMA
CMA
Q4 25
$71.6M
Q3 25
$125.4M
$176.0M
Q2 25
$46.1M
$199.0M
Q1 25
$133.6M
$172.0M
Q4 24
$65.8M
$170.0M
Q3 24
$142.6M
$184.0M
Q2 24
$76.5M
$206.0M
Q1 24
$168.2M
$138.0M
Gross Margin
ASO
ASO
CMA
CMA
Q4 25
35.7%
Q3 25
36.0%
Q2 25
34.0%
Q1 25
32.2%
Q4 24
34.0%
Q3 24
36.1%
Q2 24
33.4%
Q1 24
33.3%
Operating Margin
ASO
ASO
CMA
CMA
Q4 25
7.3%
Q3 25
10.8%
Q2 25
5.1%
Q1 25
9.2%
Q4 24
6.8%
Q3 24
12.3%
Q2 24
7.5%
Q1 24
11.4%
Net Margin
ASO
ASO
CMA
CMA
Q4 25
5.2%
Q3 25
7.8%
21.0%
Q2 25
3.4%
23.4%
Q1 25
8.0%
20.7%
Q4 24
4.9%
20.6%
Q3 24
9.2%
22.7%
Q2 24
5.6%
25.0%
Q1 24
9.4%
17.6%
EPS (diluted)
ASO
ASO
CMA
CMA
Q4 25
$1.05
Q3 25
$1.85
$1.35
Q2 25
$0.68
$1.42
Q1 25
$1.85
$1.25
Q4 24
$0.92
$1.22
Q3 24
$1.95
$1.33
Q2 24
$1.01
$1.49
Q1 24
$2.19
$0.98

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASO
ASO
CMA
CMA
Cash + ST InvestmentsLiquidity on hand
$289.5M
Total DebtLower is stronger
$5.4B
Stockholders' EquityBook value
$2.1B
$7.4B
Total Assets
$5.4B
$77.4B
Debt / EquityLower = less leverage
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASO
ASO
CMA
CMA
Q4 25
$289.5M
Q3 25
$300.9M
Q2 25
$285.1M
Q1 25
$288.9M
Q4 24
$296.0M
Q3 24
$324.6M
Q2 24
$378.1M
Q1 24
$347.9M
Total Debt
ASO
ASO
CMA
CMA
Q4 25
Q3 25
$5.4B
Q2 25
$5.8B
Q1 25
$5.7B
Q4 24
$6.7B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
$7.1B
Stockholders' Equity
ASO
ASO
CMA
CMA
Q4 25
$2.1B
Q3 25
$2.1B
$7.4B
Q2 25
$1.9B
$6.9B
Q1 25
$2.0B
$7.1B
Q4 24
$2.0B
$6.5B
Q3 24
$2.0B
$7.4B
Q2 24
$1.9B
$6.2B
Q1 24
$2.0B
$6.0B
Total Assets
ASO
ASO
CMA
CMA
Q4 25
$5.4B
Q3 25
$5.3B
$77.4B
Q2 25
$5.2B
$78.0B
Q1 25
$4.9B
$77.6B
Q4 24
$5.1B
$79.3B
Q3 24
$4.9B
$79.7B
Q2 24
$4.9B
$79.6B
Q1 24
$4.7B
$79.4B
Debt / Equity
ASO
ASO
CMA
CMA
Q4 25
Q3 25
0.73×
Q2 25
0.84×
Q1 25
0.81×
Q4 24
1.02×
Q3 24
0.92×
Q2 24
1.15×
Q1 24
1.18×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASO
ASO
CMA
CMA
Operating Cash FlowLast quarter
$49.0M
$-270.0M
Free Cash FlowOCF − Capex
$-13.6M
FCF MarginFCF / Revenue
-1.0%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
0.68×
-1.53×
TTM Free Cash FlowTrailing 4 quarters
$191.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASO
ASO
CMA
CMA
Q4 25
$49.0M
Q3 25
$78.6M
$-270.0M
Q2 25
$157.5M
$476.0M
Q1 25
$140.2M
$273.0M
Q4 24
$96.9M
$601.0M
Q3 24
$91.3M
$1.0B
Q2 24
$199.7M
$111.0M
Q1 24
$234.7M
$-205.0M
Free Cash Flow
ASO
ASO
CMA
CMA
Q4 25
$-13.6M
Q3 25
$21.8M
Q2 25
$106.6M
Q1 25
$76.4M
Q4 24
$34.4M
Q3 24
$50.1M
Q2 24
$167.4M
Q1 24
$178.9M
FCF Margin
ASO
ASO
CMA
CMA
Q4 25
-1.0%
Q3 25
1.4%
Q2 25
7.9%
Q1 25
4.6%
Q4 24
2.6%
Q3 24
3.2%
Q2 24
12.3%
Q1 24
10.0%
Capex Intensity
ASO
ASO
CMA
CMA
Q4 25
4.5%
Q3 25
3.5%
Q2 25
3.8%
Q1 25
3.8%
Q4 24
4.6%
Q3 24
2.7%
Q2 24
2.4%
Q1 24
3.1%
Cash Conversion
ASO
ASO
CMA
CMA
Q4 25
0.68×
Q3 25
0.63×
-1.53×
Q2 25
3.42×
2.39×
Q1 25
1.05×
1.59×
Q4 24
1.47×
3.54×
Q3 24
0.64×
5.70×
Q2 24
2.61×
0.54×
Q1 24
1.40×
-1.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASO
ASO

Outdoors$445.1M32%
Apparel$349.8M25%
Footwear$292.4M21%
Sports And Recreation$288.7M21%
Other$7.6M1%

CMA
CMA

Segment breakdown not available.

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